171
171
Nov 8, 2012
11/12
by
CNBC
tv
eye 171
favorite 0
quote 0
on the fiscal cliff before the end of the year, the rating will go down. there's a 50% chance the u.s. will go over that so-called cliff. the good news is their base scenario is there will be an agreement before the ends of the year. that's what we've got so far, guys. back to you. >> all right, mandy. thanks so much. >> 15%. that's not so bad. you're hearing that talk more now since the re-election of the president. a few agencies have come out now and said there's maybe a little higher chance of us going over the fiscal cliff. still, 15%, i'd take those odds. >> there are some people who say, go over the fiscal cliff. some people feel we should because that will sort of spring everybody into action. >> and reduce the deficit that continues to rise. >> exactly. but the issue is that this uncertainty, until we know where tax rates are going to be, why would you make real plans in terms of your budget if you're a large corporation or small corporation, in terms of hiring plans? you have no idea. >> a few companies -- and we may see this more in the coming d
on the fiscal cliff before the end of the year, the rating will go down. there's a 50% chance the u.s. will go over that so-called cliff. the good news is their base scenario is there will be an agreement before the ends of the year. that's what we've got so far, guys. back to you. >> all right, mandy. thanks so much. >> 15%. that's not so bad. you're hearing that talk more now since the re-election of the president. a few agencies have come out now and said there's maybe a little...
55
55
Nov 15, 2012
11/12
by
CNBC
tv
eye 55
favorite 0
quote 0
bernie, lot of questions out there about tax rates, the fiscal cliff. give our viewers one reason why they should even bother to own stocks right now. >> well, brian, it's exciting. i'm here at impact 2013 which is the epicenter of registered investment advisors. we've got 4,000 attendees and the largest gathering of advisors that happens each year for the last 21 years. i will tell you, there is certainly concern in this group but there is optimism. there's confidence being built up about what they can do for their clients and planning. >> why? why are they confident? what's that confidence based on? >> as they think about the trajectory that the markets have been on and the uncertainty that's been there and politics aside, the president has been decided. and now one piece of uncertainty has been solved. now we need to get on and moving forward towards the tax code and the fiscal cliff obviously and begin solving some of those. i think we can see a way out of this. advisors for the last five years have been building relationship with their clients that
bernie, lot of questions out there about tax rates, the fiscal cliff. give our viewers one reason why they should even bother to own stocks right now. >> well, brian, it's exciting. i'm here at impact 2013 which is the epicenter of registered investment advisors. we've got 4,000 attendees and the largest gathering of advisors that happens each year for the last 21 years. i will tell you, there is certainly concern in this group but there is optimism. there's confidence being built up...
231
231
Jul 19, 2012
07/12
by
CNBC
tv
eye 231
favorite 0
quote 0
i think after we get through this earnings season, and a few excuses about fiscal cliffs, i think it will be euro zone headlines. it's a great thing to get me into a position, maybe it will cause short term downdraft, but after a few weeks, this fiscal cliff, it's not going to be a big deal. use it to trade, get in your positions. >> darrell, the fiscal cliff will not be a big deal, that's what lee says. do you buy that thought? >> the key reason we're bearish is complacency set in again. the vix consistently signalled the market top for the last three years. volatility declined, but europe is continuing to get worse, and number two you have a major head wind for the fiscal cliff looming out there. you can trade equities, but we're short because complacency is low and there are many headwinds in front of us. >> so you're expecting a selloff, how significant of a decline and where will the leadership be on the downside? >> number one, our model port foal you shorted the broad market. we think what's going to happen is there will be dollar strength that will deflate commodities, and co
i think after we get through this earnings season, and a few excuses about fiscal cliffs, i think it will be euro zone headlines. it's a great thing to get me into a position, maybe it will cause short term downdraft, but after a few weeks, this fiscal cliff, it's not going to be a big deal. use it to trade, get in your positions. >> darrell, the fiscal cliff will not be a big deal, that's what lee says. do you buy that thought? >> the key reason we're bearish is complacency set in...
156
156
Nov 12, 2012
11/12
by
CNBC
tv
eye 156
favorite 0
quote 0
how are you invested right now amidst all of these issues pertaining to the fiscal cliff, higher tax rates in 2013, et cetera? >> always good to be back with you. we've been defensive. we've looked for opportunities to take gains over the course of the year. thankfully we've been very u.s.-centric in our investments over the course of 2011-2012. what we're preparing for now is looking again at the foreign markets in 2013. >> foreign markets meaning you want to be allocating money outside of the u.s. because of these issues in the u.s.? >> well, taking a look at some of the large global players here in the u.s. and outside, because as tax rates go up here in the united states, what we're about to see is probably the laugher curve in reverse. tax rates going up, revenues declining, creating a headwind for gdp. we're look at companies in the world for looking for global growth opportunity outside our borders. >> mark, let me get your standpoint on this. all year all we've been hearing about are dividend payers. why? because the yield -- there's no yield anywhere with rates where they ar
how are you invested right now amidst all of these issues pertaining to the fiscal cliff, higher tax rates in 2013, et cetera? >> always good to be back with you. we've been defensive. we've looked for opportunities to take gains over the course of the year. thankfully we've been very u.s.-centric in our investments over the course of 2011-2012. what we're preparing for now is looking again at the foreign markets in 2013. >> foreign markets meaning you want to be allocating money...
208
208
Nov 7, 2012
11/12
by
CNBC
tv
eye 208
favorite 0
quote 0
our leaders have an opportunity to create a clear path, that means decisions on the fiscal cliff, where will tax rates be in 2013? where will government spending be deployed and where will it be cut? in his victory speech earthquake the president said we had much to do and look forward to he said we are not as partisan as the campaign made it seem. now he has to prove it and so do the republicans a little more than an hour ago on this show, gop house speaker john boehner laid out the parameters for a deal, tax reform for more revenues but the devil, of course is in the details and both sides will have to bend. as anyone on wall street will tell you can the best deals are the ones where both sides are a little something to be a little unhappy about. it is pastime to rise above the politics and lead. america will be watching. before we go, take a look at the day on wall street. it was a tough one actually, the dow jones industrial average ended down 312 points on the worry over increased taxes, worry over europe and, of course what comes next with president obama in the white house in ter
our leaders have an opportunity to create a clear path, that means decisions on the fiscal cliff, where will tax rates be in 2013? where will government spending be deployed and where will it be cut? in his victory speech earthquake the president said we had much to do and look forward to he said we are not as partisan as the campaign made it seem. now he has to prove it and so do the republicans a little more than an hour ago on this show, gop house speaker john boehner laid out the parameters...
617
617
Nov 8, 2012
11/12
by
CNBC
tv
eye 617
favorite 0
quote 0
certainly until we get information on the fiscal cliff. we're waiting on that. once again, we find ourselves in a holding period. what do you do? >> well, you know, i think that quality is just totally masked right now by volatility. as we get closer to january, it's a beautiful thing. what we will start seeing is convergence of some of the facts in terms of what the solutions will -- the proposed solutions will be, maria. right now i think everybody's just in a holding period. but that -- it takes a lot of courage to do this, but we're telling our clients to stay fully invested at this point because we think this is just a short-term volatility. i know it's very, very difficult emotionally to navigate right during this week. i think come january we will get a clearer picture. >> well, we better, right? otherwise we go over the fiscal cliff. jim key, how bad can it get? i mean, i know that right now we got dividend taxes at 15%. under the current law they will go up to 43% unless these guys do something about it. what's the worst case scenario? you don't think t
certainly until we get information on the fiscal cliff. we're waiting on that. once again, we find ourselves in a holding period. what do you do? >> well, you know, i think that quality is just totally masked right now by volatility. as we get closer to january, it's a beautiful thing. what we will start seeing is convergence of some of the facts in terms of what the solutions will -- the proposed solutions will be, maria. right now i think everybody's just in a holding period. but that...
250
250
Nov 15, 2012
11/12
by
CNBC
tv
eye 250
favorite 0
quote 0
the market lower once again on more fears over fiscal cliff and the uncertainty over tax rates in 2013. in a few minutes, i'll be speaking to the men behind the campaign to fix the country's debt, alan simpson and erskine bous. take a look at how we're settling on wall street today. the market did end off the worst levels of the session. nonetheless, we continue to see a decline. the markett down about 5% since the election. we continue to see a deterioration here. the nasdaq gave up about ten points at 2836. the s&p flat on the night, down about 2.25 points. the market closing lower once again today, adding to the losses we have been seeing since the election. is a deal in washington what investors are waiting for to get back into the game? joining me now is ben pace from deutsch back private wealth management, scott collier and our own mandy drury. good to see everybody. ben pace, what is behind this selling, and when will it end? what's your take? >> i don't think it's really economic right now, maria. i think it's pretty political. every pronouncement we've heard over the last four
the market lower once again on more fears over fiscal cliff and the uncertainty over tax rates in 2013. in a few minutes, i'll be speaking to the men behind the campaign to fix the country's debt, alan simpson and erskine bous. take a look at how we're settling on wall street today. the market did end off the worst levels of the session. nonetheless, we continue to see a decline. the markett down about 5% since the election. we continue to see a deterioration here. the nasdaq gave up about ten...
74
74
Nov 14, 2012
11/12
by
CNBC
tv
eye 74
favorite 0
quote 0
i have outlined a framework for how both parties can work together to avert the fiscal cliff without raising tax rates and through a combination of tax reform and titlement reform we can bring jobs home and make our economy stronger. with so many challenges that are ahead of us the american people need to see us act courageously, think selflessly and lead boldly. our majority is up to the task. i expect the president is, as well. >> good afternoon. we went through a tough week last week as a party but clearly the house majority is intact and we are strong. i have never been prouder of my colleagues than i am for having stood strong for the things that we believe in. i'm especially proud of our colleague paul ryan that took the charge across the nation. >> we have been listening to a house press conference. house speaker john boehner kicked things off there. nothing directly in terms of commenting about what the president said today about wanting to raise the tax rates on the highest income earners. the american people need to see us act courageously and lead boldly and expects the pr
i have outlined a framework for how both parties can work together to avert the fiscal cliff without raising tax rates and through a combination of tax reform and titlement reform we can bring jobs home and make our economy stronger. with so many challenges that are ahead of us the american people need to see us act courageously, think selflessly and lead boldly. our majority is up to the task. i expect the president is, as well. >> good afternoon. we went through a tough week last week...
165
165
Nov 7, 2012
11/12
by
CNBC
tv
eye 165
favorite 0
quote 0
must resolve the fiscal cliff to maintain that aaa credit rating. we'll talk to the man taking the call coming up, david riley and at&t raising its dividend this morning. news about capital spending. david faber has an exclusive interview with ceo randall stephenson live from new york city. futures look weak down 1/14. "squawk on the street" live from post nine is back in a minute. i was in the ambulance and i was told to call my next of kin. at 33 years old, i was having a heart attack. now i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. i didn't know this could happen so young. take control, talk to your doctor. ♪ welcome to the world leader in derivatives. welcome to superderivatives. >>> president obama enjoying an election victory. phil lebeau joins us from mccormick place in chicago where the speech took place talking about the mood there today and the hard work begins again. >> reporter: it will be interesting to see over the next couple of weeks besides the fiscal cliff
must resolve the fiscal cliff to maintain that aaa credit rating. we'll talk to the man taking the call coming up, david riley and at&t raising its dividend this morning. news about capital spending. david faber has an exclusive interview with ceo randall stephenson live from new york city. futures look weak down 1/14. "squawk on the street" live from post nine is back in a minute. i was in the ambulance and i was told to call my next of kin. at 33 years old, i was having a heart...
203
203
Feb 1, 2013
02/13
by
CNBC
tv
eye 203
favorite 0
quote 0
the entire fiscal cliff negotiations just was $60 billion. so five times the impact of the entire negotiation that we just had, just from a two-point rise in interest rates. that's the kind of scale that people are concerned about. >> you have to believe that causes a real market disruption, that's for sure. >> that's why 14,000 is great but there's still a heap of concern out there. >> all right. >> michael, thanks very much. >> maria, see you later. thanks very much. have a great weekend. >> michael, gary, great conversation. we appreciate it. thank you so much. we'll see you later, when you get back. safe coming home, gary. >>> by now you know the big number, 14,000, the level that the dow jones industrial closed at today. where do they go next? we bring in our options action contributor. brian, 14,000. what do you think? what's next? >> unbelievable run we've seen in the markets here. i take a look at the gdp number that came out, unemployment rate particularing up to 17%, i probably have to start shorting or selling into this market. we'
the entire fiscal cliff negotiations just was $60 billion. so five times the impact of the entire negotiation that we just had, just from a two-point rise in interest rates. that's the kind of scale that people are concerned about. >> you have to believe that causes a real market disruption, that's for sure. >> that's why 14,000 is great but there's still a heap of concern out there. >> all right. >> michael, thanks very much. >> maria, see you later. thanks very...
203
203
Nov 8, 2012
11/12
by
CNBC
tv
eye 203
favorite 0
quote 0
if there's a fiscal cliff issue and tax rates go up, cramer called it an ultimate fiscal cliff stock this mitt romneying. do you think it's more about macro cliff concerns than the pop line that jobs left behind? >> i think it's both. i think it's definitely as the largest stock in the world as we get towards the year end and concerns about taxes, increasing and so forth. i think it does make sense that people are going to try to take some of the gains that they have had year to date off the table and there's just chatter about the fundamental operation of the company. now, i'm not one that buys in to any of those fundamental arguments against the company. you know? i take issue with that and the other side of the trade. but, you know, i think it's both weighing on the stock. >> i think it's important for investors out there to understand where you're coming from, eric. that's the cost basis. what's been the cost basis on apple and assuming you bought it a while ago and added to the positions lower than levels right now. would you yourself be inclined to take money off the table to p
if there's a fiscal cliff issue and tax rates go up, cramer called it an ultimate fiscal cliff stock this mitt romneying. do you think it's more about macro cliff concerns than the pop line that jobs left behind? >> i think it's both. i think it's definitely as the largest stock in the world as we get towards the year end and concerns about taxes, increasing and so forth. i think it does make sense that people are going to try to take some of the gains that they have had year to date off...
233
233
Jan 9, 2013
01/13
by
CNBC
tv
eye 233
favorite 0
quote 0
slowed in the fourth quarter and even due to fiscal cliff woes but generally the -- the business is good. there's a lot of trading up in all three categories so -- and our business was -- was fairly good during the holiday season as well, so generally we're pleased. >> what are you expecting 2013? a lot of uncertainties out there. what is the biggest driver of the business, and what kind of an expectation do you have? >> yeah. we're looking for some good growth 2013. you know, we've got a lot of momentum behind our brands. they are performing really well. you know, the beverage and alcohol business is not very cyclical or not really very sensitive to the economy in general. so we expect our momentum to continue well 2013. >> wait a minute. you just said the beverage business isn't going to move related to what's happening in the economy, but then you said that the fiscal cliff negatively impact what had was going on. how do those two things jive? >> yeah, i think that in the very short term, as it relate specifically to the holiday, you know, retail in general, people were just not
slowed in the fourth quarter and even due to fiscal cliff woes but generally the -- the business is good. there's a lot of trading up in all three categories so -- and our business was -- was fairly good during the holiday season as well, so generally we're pleased. >> what are you expecting 2013? a lot of uncertainties out there. what is the biggest driver of the business, and what kind of an expectation do you have? >> yeah. we're looking for some good growth 2013. you know, we've...
134
134
Nov 15, 2012
11/12
by
CNBC
tv
eye 134
favorite 0
quote 0
the fiscal cliff. in other words, no deal making means bad recession. is that a scenario -- is that what the market's telling us? >> i think you're dead on. if you look at what's happened, real incomes have fallen much more during the recovery than they did during the preceding recession. 4.8% down versus 2.7% down. unemployment is higher now than when the president first took office. what's made people feel good is a rising stock market. they felt wealthier. now with all these big tax increases coming on on capital gains and dividends, people don't feel that anymore. the significance of this poll, larry, is it's the first poll taken after the election. and the rhetoric has been very strong, also from harry reid. remember, when it looked like romney might win, he said there's going to be in reaching across the aisle. that's what harry reid said. >> i assumed all along that congress, in its wisdom, cannot be so stupid as to let all the tax cuts expire on december 31st. they cannot be so stupid. it's jus
the fiscal cliff. in other words, no deal making means bad recession. is that a scenario -- is that what the market's telling us? >> i think you're dead on. if you look at what's happened, real incomes have fallen much more during the recovery than they did during the preceding recession. 4.8% down versus 2.7% down. unemployment is higher now than when the president first took office. what's made people feel good is a rising stock market. they felt wealthier. now with all these big tax...
97
97
Nov 8, 2012
11/12
by
CNBC
tv
eye 97
favorite 0
quote 0
the fiscal cliff. we've got some news on possible cuts by the ratings agencies. that is ahead. >>> and, you know the chart. down another $12 today. apple near bear market territory over the past two months, almost down 20%. now things just got a little worse and it all has to do with the iphone. are those lines about to vanish? sue is here with me today at headquarters in snowy ec. >> it's my lucky day. the countdown to christmas is on. you know it, i know it and perhaps more importantly the retailers know it. so with 46 days before the big day -- no pressure here -- walmart is launching a strike on the american consumer. black friday will start thanksgiving thursday. courtney reagan starts our coverage. so no lingering over the pumpkin pie. >> no time for that, sue. back friday's just 15 days away. retailers are already trying to one-up each other kicking offer the holiday shopping event even earlier. walmart will begin its black friday door busters at 8:00 p.m. thursday with a full week of savings to follow. the full event begins at 10:00 p.m. world's largest r
the fiscal cliff. we've got some news on possible cuts by the ratings agencies. that is ahead. >>> and, you know the chart. down another $12 today. apple near bear market territory over the past two months, almost down 20%. now things just got a little worse and it all has to do with the iphone. are those lines about to vanish? sue is here with me today at headquarters in snowy ec. >> it's my lucky day. the countdown to christmas is on. you know it, i know it and perhaps more...
90
90
Dec 12, 2012
12/12
by
CNBC
tv
eye 90
favorite 0
quote 0
>> can't ignore the fiscal cliff that's out there. got to get over there. that could be an increase in the unemployment rate. the fed is preparing us for potential fiscal storms at home. >> charles reinhard, what do you advise your clients to do on this news of morgan stanley? >> there's news on wall street, don't fight the fed. if you're shaking about the fiscal cliff, don't be stirred. be like bond, shaken not stirred. get on with life and your plan. >> steve liesman, what's your reaction? >> it's a historic move. just real quickly, i want to point out to people there are two separate programs in this statement and two separate guidelines. one is unclear. the fed funds being at zero is tied to the unemployment rate and inflation. the asset purchases, however, are not tied to anything. that's going to be a question that ties a vague language. the language even in the unemployment rate is very poorly and vaguely worded. we're going to have to sask bernanke about it in the upcoming press conference. >> everybody, thank you so much. we'll go back to fast mone
>> can't ignore the fiscal cliff that's out there. got to get over there. that could be an increase in the unemployment rate. the fed is preparing us for potential fiscal storms at home. >> charles reinhard, what do you advise your clients to do on this news of morgan stanley? >> there's news on wall street, don't fight the fed. if you're shaking about the fiscal cliff, don't be stirred. be like bond, shaken not stirred. get on with life and your plan. >> steve liesman,...
186
186
Dec 5, 2012
12/12
by
CNBC
tv
eye 186
favorite 0
quote 0
we are going over the fiscal cliff, that's my take. the administration is not budging. the only way they will even come to the table to negotiate is with the top earners paying higher tax rates, not just more in taxes, higher tax rates. but for some reason it must be higher rates, period. that's it. end of story. not because it is going to move the needle and fix our out of control debt, because it won't, not because it will put america on a fiscal sustainable path, because it won't. that is where the president has drawn his line in the sand. meanwhile, the president is now proposing a form of kicking the can down the road. raising taxes now with a promise to deal with entitlement reform and tax reform next year or beyond. that's the real worrisome proposal. here we are at the center of probably the most important fiscal conversation this country has had in decades. no one thinks we can continue on this spending path we are on without a day of reckoning coming sooner or later. why would we not seize the
we are going over the fiscal cliff, that's my take. the administration is not budging. the only way they will even come to the table to negotiate is with the top earners paying higher tax rates, not just more in taxes, higher tax rates. but for some reason it must be higher rates, period. that's it. end of story. not because it is going to move the needle and fix our out of control debt, because it won't, not because it will put america on a fiscal sustainable path, because it won't. that is...
686
686
Apr 23, 2013
04/13
by
CNBC
tv
eye 686
favorite 0
quote 1
so women and men are resilient, are there, we have lived through the fiscal cliff. the sun rose the next day. yes, payroll taxes are higher. our savings rates are a bit lower, but consumers are spending at higher levels this spring than they did last spring. >> so you don't see a slowdown? >> not at all. and in our category, especially not. >> what about currency translation? you have this race to the bottom, many central banks around the world are adding liquidity. japan, very prominently is doing that right now. that's got to hurt a company like yours, trying to sell goods overseas. >> it's hurt us modestly. in constant currency, as an example, our sales are off up 1 but because of the chain of reduction in the volume, we're only up 7%. it's impacted us a few cents ton bottom line as well. but we do some hedging and we are very diversified. >> what can you tell us about japan? it seems that's all we're talking about in terms of the market activity there, huge rallies, all the stimulus from the central bank there. what are you seeing on the ground in terms of the c
so women and men are resilient, are there, we have lived through the fiscal cliff. the sun rose the next day. yes, payroll taxes are higher. our savings rates are a bit lower, but consumers are spending at higher levels this spring than they did last spring. >> so you don't see a slowdown? >> not at all. and in our category, especially not. >> what about currency translation? you have this race to the bottom, many central banks around the world are adding liquidity. japan,...
179
179
Sep 7, 2012
09/12
by
CNBC
tv
eye 179
favorite 0
quote 0
the president is refusing to renew them for the -- >> what if they solve the fiscal cliff, and this we don't have a guarantee recession. but capital gains tax rate, the tax on corporate dividends would triple, the medicare payroll tax. >> that doesn't have much to do with intel and fedex at this point. >> i think it does, people don't want to invest. creating and expanding businesses for hiring. i think it's the inventives that are the big problem. >> rich, you have to admit there is a lot of uncertainty out thereto especially in corporate mark because they are so uncertain about the future of fiscal policy from the government. yet you're still positive on the economy, why? >> it's in conservative's interests like peter to cry armageddon, fiscal tax cliff. so the question to me is are we in a recovery. when you visit places in this country from the hills of iowa to the steel plants in ohio, there is a recovery in this country -- >> could they be derailed though if we go over the fiscal cliff? that's what the fear is. that the tax policy and the spending increases that kick in could der
the president is refusing to renew them for the -- >> what if they solve the fiscal cliff, and this we don't have a guarantee recession. but capital gains tax rate, the tax on corporate dividends would triple, the medicare payroll tax. >> that doesn't have much to do with intel and fedex at this point. >> i think it does, people don't want to invest. creating and expanding businesses for hiring. i think it's the inventives that are the big problem. >> rich, you have to...
111
111
Feb 7, 2017
02/17
by
CNBC
tv
eye 111
favorite 0
quote 0
four years ago we were talking about a fiscal cliff. now we're talking about cutting tax rates and deregulating. we don't know what the new rules will look like. but there is head winds that used to exist buffering the economy that are now tail winds and i think that is very positive broadly and that is what investors are paying attention to these days. >> on one hand you have regulatory reform. you have repatriation, and tech companies in particular. apple, cisco, oracle, just billions and billions overseas that could come back here. on the other hand you have protectionism issues that could really hurt tech when it coming to cloud and policies around where data is stored and the willingness of foreign governments in russia and china to buy u.s. technology. how long before we start to see these concerns crystalize, do you think, or the repatriation? >> i think the repatriation piece is important. there is a misperception about what that is likely to mean. if we have a repatriation holiday, the trillions of dollars will come back in the
four years ago we were talking about a fiscal cliff. now we're talking about cutting tax rates and deregulating. we don't know what the new rules will look like. but there is head winds that used to exist buffering the economy that are now tail winds and i think that is very positive broadly and that is what investors are paying attention to these days. >> on one hand you have regulatory reform. you have repatriation, and tech companies in particular. apple, cisco, oracle, just billions...
343
343
Aug 21, 2012
08/12
by
CNBC
tv
eye 343
favorite 0
quote 1
how the looming fiscal cliff could cause a delay in tax refunds. the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. [ male announcer ] while many automakers are just beginning to dabble with the idea of hybrid technology, it's already engrained in our dna. during the golden opportunity sales event, get great values on some of our newest models. this is the pursuit of perfection. >>> welcome back, oil prices are not getting cheaper, it's the on zit. the real wild card is what israel may or may not do. according to anni news channel,t could catapult oil to $200 a barrel, send gasoline to $6 a gallon. our next guests are here to discuss this. walter, if a strike occurs, $6 gas? wow. >> we don't see it quite that high and we t
how the looming fiscal cliff could cause a delay in tax refunds. the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. [ male announcer ] while many automakers are just...
83
83
Dec 7, 2012
12/12
by
CNBC
tv
eye 83
favorite 0
quote 0
a very stark assessment from the house speaker on where the fiscal cliff talks stand with 24 days to go. where should you put your money heading into this weekend? could be a very crucial weekend. >>> no worries. with the unemployment rate still near an 8% level, why some companies can't find workers. there's work and it is not a skills gap. we'll show you what else is being factored in to that equation. >>> and no fair, perhaps? well, a big change at big blue. ibm changing the way it pays down its 401(k). will other companies follow suit? tyler mathisen, my partner, who is always fair, always working, and is always a work in progress, according to this, is at new york stock exchange. hi, ty. >> i am the ultimate work in progress. thank you very much. >>> despite the assessment from the speaker of the house on the fiscal cliff, the fact he says there is no progress being made so far, the dow sort of playing past it. right now the industrials up by 46 points at 13,120 and change. apple is part of the nasdaq. apple down $14 a share. another 2.66% today as scott mentioned a moment ago,
a very stark assessment from the house speaker on where the fiscal cliff talks stand with 24 days to go. where should you put your money heading into this weekend? could be a very crucial weekend. >>> no worries. with the unemployment rate still near an 8% level, why some companies can't find workers. there's work and it is not a skills gap. we'll show you what else is being factored in to that equation. >>> and no fair, perhaps? well, a big change at big blue. ibm changing...
189
189
Nov 14, 2012
11/12
by
CNBC
tv
eye 189
favorite 0
quote 0
the fiscal cliff may be solved and interest rates, as you say, may indeed go up. >> true. munis are a whole different story. they'll suffer but not as much because of the tax-free nature. if you buy them by themselves, they'll mature. bond funds have no maturity and therein lies the problem. >> thank you, mr. clark. to summarize, go short duration if you're in a fund and try to hedge it with an etf. carl, back to you. >> good advice. european close coming up after a break. don't go away. future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >>> the european markets are closing now. >> not only a sea of red, simon, but a lot of data out of europe that wasn't encouraging either. >> that's true. for many in financial markets, also the turmoil you see on the st
the fiscal cliff may be solved and interest rates, as you say, may indeed go up. >> true. munis are a whole different story. they'll suffer but not as much because of the tax-free nature. if you buy them by themselves, they'll mature. bond funds have no maturity and therein lies the problem. >> thank you, mr. clark. to summarize, go short duration if you're in a fund and try to hedge it with an etf. carl, back to you. >> good advice. european close coming up after a break....
333
333
Dec 11, 2012
12/12
by
CNBC
tv
eye 333
favorite 0
quote 0
the fiscal cliff is scary and should be scary, another recession, higher unemployment and economic slowdown. tax money taken out of the economy. those are major concerns. we'll have to react as business, and it could react in cutbacks. the fiscal cliff was meant to be something nobody wanted to go another and here we are about to go off it. we really need our elected officials to figure this out and come up with a reasonable compromise that keeps our economy growing and gives us certainty about the future so that we can make our plans as business leaders. >> welcome back to the special edition of the "closing bell." dupont stock on the move. 1.5% higher in the after-hours trading session coming on the heels of the news that the chemical giant will issue a $1 billion buyback program and updating its 2012 guidance to the top of the range. chairman and ceo ellen coleman joins me now in a cnbc exclusive. thanks for joining us. >> great to see you as well. >> let me start with the announcement on the share buyback. all we talk about is the idea that taxes are probably going to go higher. you've
the fiscal cliff is scary and should be scary, another recession, higher unemployment and economic slowdown. tax money taken out of the economy. those are major concerns. we'll have to react as business, and it could react in cutbacks. the fiscal cliff was meant to be something nobody wanted to go another and here we are about to go off it. we really need our elected officials to figure this out and come up with a reasonable compromise that keeps our economy growing and gives us certainty about...
255
255
Dec 17, 2012
12/12
by
CNBC
tv
eye 255
favorite 0
quote 0
as we get closer to the fiscal cliff scenario, will some of the people who signed on to no new taxes have to concede and agree to revenue increases in the form of higher tax rates? >> well, obviously, the president is trying to drive in that direction. the republicans have some leverage as well. two years ago, obama said he didn't want to hurt the economy, so he didn't want to raise rates on anyone. evidently that his job is secure, he's less interested in everybody else's job, so he is interested in raising top rates, capital gains taxes, subchatter "s" corporation taxes. although that's going to be awfully rough on the economy if he pulls the trigger on that. there are also a series of fights where republicans have more leverage than they do early january. that is the debt ceiling and there the republicans have announced ahead of time the boehner rule remains in place. obama wants a trillion dollars in debt ceiling increase and he's planning on having $8 trillion in higher debt over the next decade, he has to pay for it with spending cuts of equal amounts. the republicans could req
as we get closer to the fiscal cliff scenario, will some of the people who signed on to no new taxes have to concede and agree to revenue increases in the form of higher tax rates? >> well, obviously, the president is trying to drive in that direction. the republicans have some leverage as well. two years ago, obama said he didn't want to hurt the economy, so he didn't want to raise rates on anyone. evidently that his job is secure, he's less interested in everybody else's job, so he is...
53
53
Dec 13, 2012
12/12
by
CNBC
tv
eye 53
favorite 0
quote 0
federal raise rates which is also fiscal tightening. so we have three options, tightening, tightening or tightening. >> well i tend to think that near term prospects of things getting so good that the fed would raise rates is pretty remote. though i do agree with steve's statement. that statement yesterday introduced a whole new level of ambiguity. and while i don't understand is, where did the -- where did their commitment to 2015 go? you may -- they make decisions -- >> the tendency projection between 6 and 8% in 2015 so they just swap one number for the other. >> i understand. but the thing is, if the feds, if dr. bernanke's policy is one that encourages more transparency from the fed and they are going to use this means of communication, then have you to be consistent. the minute we aren't consistent on that -- >> back to the original question, what does it maeb ean terms of prediction for 2013? >> don't ignore her. >> i am not used to being ignored. >> really, tie it all in. >> basically when you are facing a world -- let me back u
federal raise rates which is also fiscal tightening. so we have three options, tightening, tightening or tightening. >> well i tend to think that near term prospects of things getting so good that the fed would raise rates is pretty remote. though i do agree with steve's statement. that statement yesterday introduced a whole new level of ambiguity. and while i don't understand is, where did the -- where did their commitment to 2015 go? you may -- they make decisions -- >> the...
97
97
Feb 1, 2013
02/13
by
CNBC
tv
eye 97
favorite 0
quote 0
cliff deal. how much more revenue -- or how much more savings do we need and is president obama correct to say that tax revenue needs to be part of that solution? >> i would say we are half way there. unfortunately, we have done easy stuff. we raised taxes on rich people and we've capped discretionary send itting without saying exactly what we would cut. we haven't done anything to reform a tax code. we haven't done anything to reform our entitlement programs. to slow overrate of growth of the economy. we have to do that or we will never get to the promise land. i think president obama is right. that we still got to have some revenue in the mix. but again, the real focus has to be on reducing these entitlement costs. that's the big deal. >> senator, you agree that we need entitlement cuts but we also need revenue as part of the last phase of this deficit reduction? >> i do, indeed. you don't have to call it a tax increase. if you go into the tax expenditures, which are these loop holes, they are
cliff deal. how much more revenue -- or how much more savings do we need and is president obama correct to say that tax revenue needs to be part of that solution? >> i would say we are half way there. unfortunately, we have done easy stuff. we raised taxes on rich people and we've capped discretionary send itting without saying exactly what we would cut. we haven't done anything to reform a tax code. we haven't done anything to reform our entitlement programs. to slow overrate of growth...
239
239
Nov 9, 2012
11/12
by
CNBC
tv
eye 239
favorite 0
quote 0
but if you have a big capital gain in that stock because of the fiscal cliff, you have to take it this year. i'm afraid they will raise the capital gains rate where you will have to give away a lot of your gain to uncle sam. perhaps you sell some now. i like the stock. we're in that weird moment where i have to go into what the capital gain is. >> ralph from new york. proudly served in the us air force. my question is -- >> just a second. >> you are a legitimate rocket scientist. always good to have one on board. go ahead. >> earlier this year, with wti between 79 and 80 i scaled down. more recently, wti at 90 a barrel, i sold out. should i use the funds to scale back or should i switch to something more low beta and high yelding? >> where did you scale out? >> about 75, 76. >> get right back in. i think it's the perfect stock to be in. i think you're in great shape. go right back in. thank you for serving. tsro is fighting the fight. caution is key. don't pay up too much. this is the best ipo that i could find for 2012. after the break i will try to make you more money. >> coming up,
but if you have a big capital gain in that stock because of the fiscal cliff, you have to take it this year. i'm afraid they will raise the capital gains rate where you will have to give away a lot of your gain to uncle sam. perhaps you sell some now. i like the stock. we're in that weird moment where i have to go into what the capital gain is. >> ralph from new york. proudly served in the us air force. my question is -- >> just a second. >> you are a legitimate rocket...
217
217
Oct 3, 2012
10/12
by
CNBC
tv
eye 217
favorite 0
quote 0
that hawill have a big impact wh rates and fiscal cliff issues. when it comes to the fed, all the moves were in anticipation. if you go back and look at the august meeting and how the s&p acted, the dow acted, the weakness in the dollar index, and maybe most of all the rally in mortgages, which could have been the most telegraphed easy trade for the big dogs in the fixed income fund market of all time. but today's adp might have been better, sequentially lower. it doesn't make a different to employment. i have yet to see any research that says qe anything does. >> all right. thank you, all. good to see you. thanks for your thoughts today. appreciate it. >> thank you. >> all right. we're in the final stretch. we have a mixed market for the most part. >> i don't care what you got planned for the afternoon. stick around. we are just getting started on this very busy wednesday edition of the "closing bell." watch. >>> coming up, downloading a dividend? what will apple do with its huge war chest and potentially devastating tax hikes? we'll drill to the
that hawill have a big impact wh rates and fiscal cliff issues. when it comes to the fed, all the moves were in anticipation. if you go back and look at the august meeting and how the s&p acted, the dow acted, the weakness in the dollar index, and maybe most of all the rally in mortgages, which could have been the most telegraphed easy trade for the big dogs in the fixed income fund market of all time. but today's adp might have been better, sequentially lower. it doesn't make a different...
215
215
Sep 27, 2012
09/12
by
CNBC
tv
eye 215
favorite 0
quote 0
while congress and the president ignore the looming fiscal cliff, the economy is worsening. you would not know it from the stock market. they're all up in the double digits today. greatly added by the massive stimulus. the worry, of course, is that at some point fundamentals matter. should you join stocks and not fight the fed. rather than investing on the fundmentals like earnings growth, jobs, economic growth. we know how that played out when we were so focused on clicks to the website rather than earnings. there was a time when etoys matched the market cap of toys "r" us. of course came the.com bust. most analysts are expecting a contraction in profits as corporations report the effects of a slowdown across the globe. no one is saying to bolt the stock market but make sure your eyes are wide open as we enter the third quarter reporting. before we take a look at the day on waul street, the dow jones settled at 13,485. nasdaq picked up 1 1/3%. research in motion soaring in the extended hours. the company reported a loss of 27 cents a share. it was a lot worse than the loss
while congress and the president ignore the looming fiscal cliff, the economy is worsening. you would not know it from the stock market. they're all up in the double digits today. greatly added by the massive stimulus. the worry, of course, is that at some point fundamentals matter. should you join stocks and not fight the fed. rather than investing on the fundmentals like earnings growth, jobs, economic growth. we know how that played out when we were so focused on clicks to the website rather...
175
175
Jul 23, 2012
07/12
by
CNBC
tv
eye 175
favorite 0
quote 0
the fiscal cliff represents $600 billion hit. $400 billion in higher taxes. $200 billion in spending cuts. 4% of gdp. follow your nose to realize you're going to have a recessionful if you use christina rumor's research you get 10% declines in gdp and a spike in unemployment. this is not playing russian roulette with live ammunition. it's playing with howitzers. >> why would you want america to go into a deep recession? >> that's not going to happen. the cbo says we'll have two quarters of 1.3 recession but by the end of the year will be at 2.3% growth. i believe washington is incapable of dealing with this. this isn't the perfect solution, but you will raise taxes which we need to do and cut spending, especially the defense department which hasn't been cut for years because of all the pork in it. we need to get rid of the deficit. one thing doug and i agree. we don't agree on how to get rid of it. but we need to get rid of the deficit. congress has done nothing for years. this is going to be what happens and i think it will. there is not a chance the republicans will aa low us to ra
the fiscal cliff represents $600 billion hit. $400 billion in higher taxes. $200 billion in spending cuts. 4% of gdp. follow your nose to realize you're going to have a recessionful if you use christina rumor's research you get 10% declines in gdp and a spike in unemployment. this is not playing russian roulette with live ammunition. it's playing with howitzers. >> why would you want america to go into a deep recession? >> that's not going to happen. the cbo says we'll have two...
207
207
Jul 24, 2012
07/12
by
CNBC
tv
eye 207
favorite 0
quote 0
and the other is the fiscal cliff on this. it's going to feel to last summer. >> it's going to go down tomorrow. it's pushed back. >> this is political today. >> $400 billion tax hike, raising rates on investors. that can't be good. and now, did i hear this right? a new bailout for greece today? that was this morning's news that dropped the market 200 points. restructuring of their debt? what's that mean? it's insanity. >> yeah, well -- if you take a look at where the stress points are, if you look at e the european bond yields, the short-term yields were up 45 basis points today. europe is telling you they have a big problem. that that's going to linger. when we downgraded our market call when the news came out that everything was solved in europe on the last summit, we didn't think it was going to have legs and it proved not to. >> i thought i read on your card you're downgrading your call on the s&p to 1375. you're at 1338 now. are we heading lower? >> you know, my guess -- >> with all respect, when i was in that business,
and the other is the fiscal cliff on this. it's going to feel to last summer. >> it's going to go down tomorrow. it's pushed back. >> this is political today. >> $400 billion tax hike, raising rates on investors. that can't be good. and now, did i hear this right? a new bailout for greece today? that was this morning's news that dropped the market 200 points. restructuring of their debt? what's that mean? it's insanity. >> yeah, well -- if you take a look at where the...
217
217
Jan 2, 2013
01/13
by
CNBC
tv
eye 217
favorite 0
quote 0
debt saying the fiscal cliff deal is a positive because it does avert a recession, and it does anticipate further u.s. fiscal action following this deal. however, moody's notes that a lack of deficit reduction measures could affect the u.s. rating negatively meaning if there aren't efforts addressed by congress to address the long-term deficit it could affect the aaa rating. outlook by them is negative in large part because of concerns about the long-term deficit problems. guys, back to you. >> thank you, mary. so they are saying, we've got one piece of the puzzle done, the taxation part. now they have to worry about the spending part, and if they don't do enough we could be seeing a downgrade. >> the question is does it matter? at what point does it matter? >> good point and they often tell us what we know. in this case it's clear we have this issue we have to confront. >> we're heading towards the close on what's been a very strong first trading day of the year. right now with 50 minutes left, the dow is up 280 points. >> bill gross of pimco says this rally will last. >> and then facebo
debt saying the fiscal cliff deal is a positive because it does avert a recession, and it does anticipate further u.s. fiscal action following this deal. however, moody's notes that a lack of deficit reduction measures could affect the u.s. rating negatively meaning if there aren't efforts addressed by congress to address the long-term deficit it could affect the aaa rating. outlook by them is negative in large part because of concerns about the long-term deficit problems. guys, back to you....
81
81
Nov 7, 2012
11/12
by
CNBC
tv
eye 81
favorite 0
quote 0
we have the fiscal cliff and we still have the jobless rate at unacceptedly high levels. what do you do with your snn. >> while the electorate, citizens care about jobs, the market really cares about economic growth and profits. i think that what the story to me that's most important today is how low yields have moved. that's the market telling you that we have a growth problem and that's not going to be good for profits. you need 1.5% gdp in order to get any growth in profits at all and the market is not that much ahead of that 1.5% gdp number. >> you don't view the movement of the bond market as a fear trade today or is it a little bit of that as well? >> it is a little bit of that. but if it was really a fear trade, you'd also see gold rising as well as money would move there as well. i look at those in combination, see is it growth or is it fear, today i think it is growth. >> stay with us, jonathan. we'll talk more about that and the fiscal cliff. it is obviously back in focus. our next guest, senator pat toomey, republican from pennsylvania. jonathan, start us out.
we have the fiscal cliff and we still have the jobless rate at unacceptedly high levels. what do you do with your snn. >> while the electorate, citizens care about jobs, the market really cares about economic growth and profits. i think that what the story to me that's most important today is how low yields have moved. that's the market telling you that we have a growth problem and that's not going to be good for profits. you need 1.5% gdp in order to get any growth in profits at all and...
198
198
Nov 27, 2012
11/12
by
CNBC
tv
eye 198
favorite 0
quote 0
where is the area for compromise that would get us closer to a deal on the fiscal cliff then? >> the area of compromise has always been about revenue generation, about the 2% and the tax rates at that level. we can't just talk about deductions as the way to do that. we have to look at that and look at tax code for corporations. those areas have to be on the table. then i think people -- >> you're well aware that there are members of the republican party who have said that's a sacred area for them. they don't want to raise taxes on the wealthiest in this country. this they want to maintain the tax breaks from the bush era for everybody or nobody. here we are. you've identified where your sacred areas are. they've got theirs. that's what i'm asking. where's the middle ground in all of this? >> well, the middle ground is a fair share. by putting the benefit programs on the table, social security, medicare, medicaid, as being the source for the deficit and the only way to reduce that and the only way to balance this, i think is wrong when there is no significant revenue. not just
where is the area for compromise that would get us closer to a deal on the fiscal cliff then? >> the area of compromise has always been about revenue generation, about the 2% and the tax rates at that level. we can't just talk about deductions as the way to do that. we have to look at that and look at tax code for corporations. those areas have to be on the table. then i think people -- >> you're well aware that there are members of the republican party who have said that's a sacred...
98
98
Nov 6, 2012
11/12
by
CNBC
tv
eye 98
favorite 0
quote 0
they believe that going over the fiscal cliff will lead to that kind of a scenario. they're willing to risk, i think, a temporary or perhaps permanent downturn in the economy in order to get their way on those top tax rates. >> the president has made it strongly known. he's not going to do anything unless there's a slight increase on the rich. if he wins another four years, his political career is going to be over after that. what pressure now becomes on congressional democrats? >> well, look, everybody's worried about a legacy at this point. legacy of a second democratic in this administration. going over the cliff is not an easy decision to make. if it happens that way, it will be because everybody will aglee th -- agree is that what is going to be negotiated next year is a tax cut. the calculation would be that markets would not be all that shaken because they know this is a temporary game that washington is playing. by the way, brian, there's a more sane scenario being discussed. >> please tell us. we need sanity. >> i'll try to make you feel better. so the sane
they believe that going over the fiscal cliff will lead to that kind of a scenario. they're willing to risk, i think, a temporary or perhaps permanent downturn in the economy in order to get their way on those top tax rates. >> the president has made it strongly known. he's not going to do anything unless there's a slight increase on the rich. if he wins another four years, his political career is going to be over after that. what pressure now becomes on congressional democrats? >>...
170
170
Nov 26, 2012
11/12
by
CNBC
tv
eye 170
favorite 0
quote 0
i think tomorrow will be focused on the fiscal cliff, specifically as it pertains to rising tax rates. any visibility that we can get on policy or clarity on a solution or compromise will move the markets. so focused on limited partnerships. they will be less affected from an increase in tax rates. from an income perspective we have been looking closely at the fund that yields over 9%. the return of capital characteristics are less effected by rising tax rates. >> peter, i know you watch everything but pick one. what is important for you tomorrow? >> i am going to look at greece to see if they come to an agreement on a short-term fix. it was supposed to be agreement today but seems the imf is holding out for debt reduction from greece. hopefully they will get a deal done. >> look at all of these people do it in under 20 seconds. >> thank you so much. >> before we go let's give you one more look at the markets how they did today. had a selloff on the open this morning. sort of a pullback from friday's rally. the dow finished down 42 points at 12,967. apple was higher. >> citi initiated
i think tomorrow will be focused on the fiscal cliff, specifically as it pertains to rising tax rates. any visibility that we can get on policy or clarity on a solution or compromise will move the markets. so focused on limited partnerships. they will be less affected from an increase in tax rates. from an income perspective we have been looking closely at the fund that yields over 9%. the return of capital characteristics are less effected by rising tax rates. >> peter, i know you watch...
231
231
Dec 7, 2012
12/12
by
CNBC
tv
eye 231
favorite 0
quote 0
the truth is, the best thing we could do is go over the fiscal cliff. we have the same tax rates that we have when bill clinton was president. significant cuts in defense and also significant human services can you tell us. >> katie, let me ask you, before you respond to what governor dean is saying. there is logic to what howard dean is saying. i don't happen to agree with it. but i know where he's coming from. katie, let me ask you this -- katie can't hear me. we'll wait for her to get back hooked in. howard, what about the notion that i'm posing tonight -- i've said this a few times -- republicans better be careful. they're not going down your road and the democrats aren't going down your road. you have middle class tax cuts for the democrats and it sometimes sounds to me as an old reagan conservative that the republicans better watch themselves because sometimes it sounds like they are kind of defending rich people. that's their whole mantra, just defending rich people. and i think that's not where they should be. >> i would agree. if i were politic
the truth is, the best thing we could do is go over the fiscal cliff. we have the same tax rates that we have when bill clinton was president. significant cuts in defense and also significant human services can you tell us. >> katie, let me ask you, before you respond to what governor dean is saying. there is logic to what howard dean is saying. i don't happen to agree with it. but i know where he's coming from. katie, let me ask you this -- katie can't hear me. we'll wait for her to get...
345
345
Jul 20, 2012
07/12
by
CNBC
tv
eye 345
favorite 0
quote 0
cliff is increased taxes, and 20% of it is cuts. secondly you have energy prices down and interest rates down. that is cutting into the earnings of physicfinancials an number companies. earning wills only be up as you know 2.7% this year. the consensus is for them to be up next year, and next year down 1% next year, and the consensus is for them to be up another 12%, we're $20 less. $98 is our number for 2013. we want to wish our u.s. olympic team all the best one week from today. the opening ceremony. 2012, go team usa. >> all of the nbc stations will be covering that. tyler over to you. >> let me get your reaction to what david just talked about there. he lays out a high both sit about the markets from now until the end of the year, do you share his view? >> i think we will see a repeat of last year. i think the market will flat line and then muddle through the fall and winter, i don't sigh any reason to be in those stocks, i don't think it will be too positive going forward, that will set the pace for the dollar, you tell me wher
cliff is increased taxes, and 20% of it is cuts. secondly you have energy prices down and interest rates down. that is cutting into the earnings of physicfinancials an number companies. earning wills only be up as you know 2.7% this year. the consensus is for them to be up next year, and next year down 1% next year, and the consensus is for them to be up another 12%, we're $20 less. $98 is our number for 2013. we want to wish our u.s. olympic team all the best one week from today. the opening...
95
95
Dec 13, 2012
12/12
by
CNBC
tv
eye 95
favorite 0
quote 0
boehner made comments about the continues impasse in trying to resolve the fiscal cliff. s&p down 23, down three quarters percent. and the nasdaq is down about half a percent. bob joins me on the floor of the nyse. the market is very undecided about what is happening in washington. what the feds know that perhaps we don't know. >> we are getting smacked around by these two separate events. the fiscal cliff as well as aftermath of what went on with the fed. i think the fed is still very important here. take a look the dow industrials. remember, we started moving down right after we saw mr. bernanke give his press conference. we talked about fiscal cliff having problems, not having the tools to deal with the fiscal cliff. the fed not having it, should we go over that. there we are dealing with the aftermath. remember something folks, september 14 is the high for the s&p this year. you know why that is important in september 13 is the fed meeting. they bought into the fed meeting and sold right after that, sue. and they are doing that again today. we are repeating what happe
boehner made comments about the continues impasse in trying to resolve the fiscal cliff. s&p down 23, down three quarters percent. and the nasdaq is down about half a percent. bob joins me on the floor of the nyse. the market is very undecided about what is happening in washington. what the feds know that perhaps we don't know. >> we are getting smacked around by these two separate events. the fiscal cliff as well as aftermath of what went on with the fed. i think the fed is still...
103
103
Jan 2, 2013
01/13
by
CNBC
tv
eye 103
favorite 0
quote 0
after congress averted the fiscal cliff, strong gains across the board. look at the nasdaq up around 2.4%. high end dividend stocks moving higher. the tax rate more or less stayed the same. cisco up nearly 3%. apple shares moving higher. there is a tech blog that says that apple is working on the iphone 6 as well as new operating system for the ipad and iphone. can you see the stock moving higher. that report helping speculative suppliers moving higher. take a look at nuance. mobile chip maker qualcomm also posting gains up nearly 4%. back to you. >> seema, thank you very much. >>> gold prices closing down. tracking the action over at nymex, over to you. >> thank you. we are looking at $13 gain in the price of gold right around 1688 an ounce and it is near a two-week high right now. keep in mind as we have this fiscal cliff deal averted, the rally is not only if gold but in silver as well leading gains in the metals market up nearly 3% and copper is getting a boost as well from positive manufacturing data out of china. hsbc purchasing managers. that numbe
after congress averted the fiscal cliff, strong gains across the board. look at the nasdaq up around 2.4%. high end dividend stocks moving higher. the tax rate more or less stayed the same. cisco up nearly 3%. apple shares moving higher. there is a tech blog that says that apple is working on the iphone 6 as well as new operating system for the ipad and iphone. can you see the stock moving higher. that report helping speculative suppliers moving higher. take a look at nuance. mobile chip maker...
195
195
Dec 17, 2012
12/12
by
CNBC
tv
eye 195
favorite 0
quote 0
even if we get a fiscal cliff deal. it will almost certainly include higher rates for the top 2% because the bobama refuses to b from that position. if the wealthy are going to get hit with a major tax hike, does it really make sense to own the stock of a company that owns motor yachts? not only that, but brunswick also makes billiard tables, fancy fitness machines and bowling equipment. bowling may be more of an every-man activity. i've got my own ball and shoes, yet three quarters of its sales include its marine sales. when tax rates on the wealthy go up in a couple weeks, won't that hurt brunswick's business? you know to an extent, it does matter. but i think it's already getting baked into the stock. i'm really not worried and let me tell you why. first of all, as bad as the fiscal cliff might be, the fact is, it won't nearly be as bad as the great recession. and by the way, that's an interesting compare because brunswick handled the great recession with flying colors. about 30% of the dealers in the u.s. went under
even if we get a fiscal cliff deal. it will almost certainly include higher rates for the top 2% because the bobama refuses to b from that position. if the wealthy are going to get hit with a major tax hike, does it really make sense to own the stock of a company that owns motor yachts? not only that, but brunswick also makes billiard tables, fancy fitness machines and bowling equipment. bowling may be more of an every-man activity. i've got my own ball and shoes, yet three quarters of its...
295
295
Nov 14, 2012
11/12
by
CNBC
tv
eye 295
favorite 0
quote 0
somebody is going to have to blink or we go over the fiscal cliff. my next guest knows all about fiscal cliff uncertainty and its effect on the individual investor. walter bettinger is ceo of charles schwab. the market certainly feels pessimistic. we are looking at another 200-point decline today. the market is down 5% since the president was re-elected. what are you hearing from clients? >> clients are really concerned. there is pessimism among investors. there's great uncertainty. we have a lack of confidence. they're looking to washington for leadership to address meaningful issues. right now they're doubtful they're going to see it. >> right wha do you think it's going to take to get the vej back into this market? the individual, i feel like, has been gone for a little while now. >> 10, 12 years it feels like. >> it really does. >> i think it's going to take a settlement in washington. it's going to take compromise. it's going to take a belief that we're actually on a path as a country from a fiscal stand point that is reasonable, that is sustain
somebody is going to have to blink or we go over the fiscal cliff. my next guest knows all about fiscal cliff uncertainty and its effect on the individual investor. walter bettinger is ceo of charles schwab. the market certainly feels pessimistic. we are looking at another 200-point decline today. the market is down 5% since the president was re-elected. what are you hearing from clients? >> clients are really concerned. there is pessimism among investors. there's great uncertainty. we...
197
197
Dec 17, 2012
12/12
by
CNBC
tv
eye 197
favorite 0
quote 0
john boehner today making an official offer on a fiscal cliff deal. of course, that offer includes higher tax rates. now, i understand this offer is for only those who earn more than $1 million each year. where that number ends is not that important in this case. of course, the president is seeking to $250,000, but the fact that boehner has given up the sacred cow of never raising tax rates on anybody is actually quite significant. now, democrats must kill off their own sacred cows. the president should make it clear that cuts to medicare and social security are, in fact, on the table. forget the likely truth that boehner does not have the votes to pass any kind of rate increase without serious spending cuts. but more importantly, america needs to face facts. our tax revenue is not the driver of our spiraling debt. which now, of course, tops $1 trillion a year, for four years going. it is our spending. and it is our entitlement spending that is the biggest culprit. and there is almost no reasonable way to get enough tax revenue to fix this problem. wi
john boehner today making an official offer on a fiscal cliff deal. of course, that offer includes higher tax rates. now, i understand this offer is for only those who earn more than $1 million each year. where that number ends is not that important in this case. of course, the president is seeking to $250,000, but the fact that boehner has given up the sacred cow of never raising tax rates on anybody is actually quite significant. now, democrats must kill off their own sacred cows. the...
19
19
Nov 8, 2012
11/12
by
CNBC
tv
eye 19
favorite 0
quote 0
but you can say you are freaked out about the fiscal cliff, higher dividend or capital gains tax rates or maybe even greece. but are these really reasons not to own stocks? let's bring in craig hodges, co-portfolio manager of the hodges fund, as well as peter tuse. if capital gains rates go up in january, why wouldn't i buy stocks aggressivelily now and sell toward the end of the year? why sell now? >> there's a lot of cross currents. people are positioning. i think that's what you're seeing in the market, is people positioning for i guess the new world and it is likely that the -- that capital gains and dividend taxes are going to go up. we've talked at the hodges funds to several of our companies and a lot of them are actually having special meetings between now. a lot of them schedule them for right after the election to actually have a dividend strategy for the remainder of the year. if you're sitting on a lot of cash and you eventually want to return it to shareholders between now and december 31st is the time to do that. i think you'll see a lot of special dividends between now a
but you can say you are freaked out about the fiscal cliff, higher dividend or capital gains tax rates or maybe even greece. but are these really reasons not to own stocks? let's bring in craig hodges, co-portfolio manager of the hodges fund, as well as peter tuse. if capital gains rates go up in january, why wouldn't i buy stocks aggressivelily now and sell toward the end of the year? why sell now? >> there's a lot of cross currents. people are positioning. i think that's what you're...
262
262
Oct 26, 2012
10/12
by
CNBC
tv
eye 262
favorite 0
quote 1
. >> we see obama reelected, we think there's a 30% chance that the fiscal cliff actually hits the end of the year. that is risk off for global markets, but not necessarily good for u.s. treasuries. the real safe haven in the government bond markets in that case is bunds. >> over a longer time frame, we believe equities as a whole are the right place to be. >>> apple fourth quarter profits rose, but did miss forecasts. second straight miss for the country. revenues rose 27%. and apple did sell nearly 27 million iphones. the iphone 5 of course was released at the end of the quarter. but it was ipad sales were the disappointment. they were short of forecasts and apple first quarter guidance which includes the holiday shopping season also trails analyst estimates. apple says it expects gross margins of 36% and that's about the lowest figure in four years. the stock in frankfurt only down marginally, though, as you can see. down just over a tenth of 1%. ron grover of the los angeles bureau chief at reuters joins us. ron, thanks for joining us. let's kick off with e padipads. how disappoint
. >> we see obama reelected, we think there's a 30% chance that the fiscal cliff actually hits the end of the year. that is risk off for global markets, but not necessarily good for u.s. treasuries. the real safe haven in the government bond markets in that case is bunds. >> over a longer time frame, we believe equities as a whole are the right place to be. >>> apple fourth quarter profits rose, but did miss forecasts. second straight miss for the country. revenues rose...
59
59
Dec 13, 2012
12/12
by
CNBC
tv
eye 59
favorite 0
quote 0
factor in the fiscal cliff and there's a lot of uncertainty going forward. >> what about the fed? positive buys towards good corp rate earnings and the fact that we're trading at very low multiples over the last five years measured in terms of what could be potential growth. jamie dimon said -- just giving the other point of view. >> in march of 2013, the bull market will be four years old. that's pretty long in the tooth. we all know the liquidity factor from the fed and boosting asset prices, but that's yesterday's news. i think the uncertainty is, the first year of a presidential cycle. lots of areas where the market could run into glitches and i think it's a great time to play defense. >> can i correctly assume that the power gauge on apple is negative, in the near term, if you are mentioning that as one factor of being bearish in 2013? >> power gauge is neutral. it's bearish on a lot of other stocks. the stock is down significantly and that's no longer driving the positive market psychology. a big drain. >> let's talk about a particular sector, because it seems like the power
factor in the fiscal cliff and there's a lot of uncertainty going forward. >> what about the fed? positive buys towards good corp rate earnings and the fact that we're trading at very low multiples over the last five years measured in terms of what could be potential growth. jamie dimon said -- just giving the other point of view. >> in march of 2013, the bull market will be four years old. that's pretty long in the tooth. we all know the liquidity factor from the fed and boosting...
112
112
Jan 4, 2013
01/13
by
CNBC
tv
eye 112
favorite 0
quote 0
i suppose fiscal cliff were related. do you think 2013 is the year interest rate move higher? >> i don't think you will see a dramatic move higher. the only way you will get a dramatic move in interest rates is if the economy accelerates. i think that is difficult with the debt ceiling debate, which will be very uncomfortable in about four or five weeks. so no, i don't think we will see this things run away from us. >> also, higher taxes imbedded in the fiscal cliff resolution and probably the prospect of more either tax increases or spending cuts as head winds for the economy. what kind of growth are you looking for? >> we're looking as a shop for 2.3% growth but base lick icall anemic growth environment. when we look at the jobs report and isms, what we care about, is once people see less money in their paycheck, then what do we do? when we see them pull back, you will see the economic data pull over. that is a more important thing. >> i want to read from your report this morning and you say here, we believe that the trends we think will happen will be -- will produce mid si
i suppose fiscal cliff were related. do you think 2013 is the year interest rate move higher? >> i don't think you will see a dramatic move higher. the only way you will get a dramatic move in interest rates is if the economy accelerates. i think that is difficult with the debt ceiling debate, which will be very uncomfortable in about four or five weeks. so no, i don't think we will see this things run away from us. >> also, higher taxes imbedded in the fiscal cliff resolution and...
102
102
Apr 27, 2012
04/12
by
CNBC
tv
eye 102
favorite 0
quote 0
cliff to deal with coming in next year where, you know, whether it's tax rates or spending cuts or whatever, a lot of pressures that are going to come to bear on the s&p. and companies in general. and i think that still leads us back to a place where the companys that can survive that the best that can create some demand will really be the ones to drive better growth. >> we'll ask you what those are in just a second, but i want to bring in sandy here. let's get selective. let's get specific. where are you putting your money? which company sns. >> mandy, i think when you look at it there are three or four things you want to remember. eric touched on this. at this point the market's lifted a lot of ships, but there's going to be separation now for sure. so you want to look for companys that have really good business models, number one. they're executing well, number two. you want to look for this catalyst for change that eric was referencing. something to take them higher. the last piece is you don't want to overpay for it. for example, take a company that we like called sonic auto. this is a
cliff to deal with coming in next year where, you know, whether it's tax rates or spending cuts or whatever, a lot of pressures that are going to come to bear on the s&p. and companies in general. and i think that still leads us back to a place where the companys that can survive that the best that can create some demand will really be the ones to drive better growth. >> we'll ask you what those are in just a second, but i want to bring in sandy here. let's get selective. let's get...
506
506
Apr 10, 2013
04/13
by
CNBC
tv
eye 506
favorite 0
quote 0
cliff. he proposes the to raise that rate to 45%. the president says those breaks for high-income people simply can't be justified. >> there's no excuse to keep these loopholes open. they don't serve an economic purpose. they don't grow our economy. they don't put people back to work. all they do is to allow folks who are already well off and well connected game the system. >> now, maria, the president will not get all of those proposals from congress, but the most important thing in this budget is whether it lures republicans into a negotiation on a budget grand bargain that has some tax increases and entitlement changes. we'll find that out over the next few months. >> thank you, john. i'm back with my co-host for the hour, sam zell. sam, what's your reaction to the president's budget? >> not very realistic, number one. number two, you know, he just went through this fiscal cliff, where he, you know, in effect, extracted significant increases of $600 billion, and, you know, three months la
cliff. he proposes the to raise that rate to 45%. the president says those breaks for high-income people simply can't be justified. >> there's no excuse to keep these loopholes open. they don't serve an economic purpose. they don't grow our economy. they don't put people back to work. all they do is to allow folks who are already well off and well connected game the system. >> now, maria, the president will not get all of those proposals from congress, but the most important thing...